Building

Basement YN

Yes

Year Built

1930

Stories Total

Yes

Accessibility Features YN

No

Leasable Area

9000

Lot

Lot Size Acres

5.6

Lot Size Square Feet

243936

Utilities

Cooling YN

Yes

Heating YN

Yes

Electricity Available

Yes

Phone Available

Yes

Water Available

Yes

Remarks

Public Remarks

Welcome to a unique opportunity in the heart of the Harrodsburg community! This expansive 6.933 sq ft property, formerly a school, is now at the roughed-in and is under renovation for multiple apartments (10 bath/kitchens) at this time, offering a blank canvas for your vision. Pro forma NOI is $57,438 (with Gross rental income of $103,995; 7%+- cap rate). Set on a generous 5.6 acres, this serene, rural location presents endless possibilities for development. Imagine transforming this space into a vibrant community hub, perhaps as a multipurpose facility, educational center, or even a creative arts studio. With the right planning and zoning, this property could also cater to residential needs, making it ideal for multiplex housing or townhomes, tapping into the growing demand for diverse living options in peaceful settings. The property also includes two additional buildings—a former classroom and a large garage—providing valuable extra space for workshops, storage, or community activities. The tranquil surroundings and spacious grounds create an inviting atmosphere, perfect for fostering a sense of community and connection. Whether you're looking to invest, develop, or create a unique space that honors the rich history of this site, this property is a remarkable find. Don't miss your chance to be part of Harrodsburg's future while preserving its storied past! - Prime Location: Situated in the heart of the Harrodsburg community, this expansive property spans 7,000 sq ft within a tranquil 5.6-acre rural setting. Its strategic location provides easy access to local amenities and fosters a strong sense of community. -Pro Form NOI $57,438 per appraisal, 7%+ cap rate -Square footage of 6933 does not include two external structures: "barn/shop" and "cafeteria or classroom" -Continued renovations are ongoing working toward minimum 5 apartments; 10 Bathrooms/Kitchen Areas are planned - Development Potential: Currently at the roughed-in renovation stage, this property offers a blank canvas for imaginative redevelopment. Potential uses include: - Residential Opportunities: With proper planning and zoning, convert the property into multiplex housing or townhomes to meet the rising demand for diverse living options in peaceful surroundings. - Additional Structures: In addition to the main building, the property includes two extra buildings—a former classroom and a spacious garage—providing ample space for workshops, storage, or community-focused activities. - Multipurpose Facility: Create a vibrant hub for community gatherings, events, or recreational activities. - Educational / Vocational Center: Transform the space into a learning environment that caters to local educational needs. - Creative Arts Studio: Establish a place for artists and creators to collaborate and showcase their work. - Community Connection: The serene surroundings and expansive grounds are perfect for fostering a sense of connection among residents. This property presents an opportunity to enhance the community's social fabric while respecting its historical significance. - Investment Opportunity: Whether you are an investor, developer, or visionary looking to create a unique space, this property stands out as a remarkable opportunity to shape Harrodsburg's future while honoring its past. Seize the chance to invest in a property with endless possibilities and become a key player in the development of this vibrant community!

Building and Property Details

Furniture, Fixtures & Equipment YN

No

Building Expansion Potential YN

Yes

Inground Tank YN

No

Common Area SqFt

0

Income and Expenses

Lawn Services Expense

200

Other Income

57438

Tax & Legal

Tax Rate

0.1195

Zoning

Other

Zoning Description

A3

Directions

From Bluegrass Parkway Take exit 59A onto US 127 South toward Harrodsburg, Danville Go 15 Miles Turn right onto Mooreland Avenue Go .2 milies Take a slight right onto Mooreland Avenue Go 4.1 miles Turn right into parking lot

Association/Community

Number Of Buildings

3

Basement

Exterior Entry

Yes

Partially Finished

Yes

Walk-Out Access

Yes

Construction Materials

Vinyl Siding

Yes

Cooling

Central Air

Yes

Heating

Ceiling

Yes

Forced Air

Yes

Parking Features

On Site

Yes

Possession

Close Of Escrow

Yes

Roof

Metal

Yes

Sewer

Septic Tank

Yes

Water Heater

Electric

Yes

Building Features

Kitchen Facilities

Yes

Laundry Facilities

Yes

Business Type

Commercial

Yes

Hotel/Motel

Yes

Mixed

Yes

Professional/Office

Yes

Ceiling

Drywall

Yes

Docks

None

Yes

Existing Lease Type

None

Yes

Sale Includes

Building(s)

Yes

Fixtures

Yes

Land

Yes

Showing Requirements

Showing Service

Yes

Property Features